The first ever lifting of an Israeli crude oil cargo took place in Energean’s Karish field

For the first time in the history of Israeli oil & gas production, hydrocarbon liquids will be exported to global markets. 

Utilising the regionally unique liquids storage and offloading capability of the FPSO “Energean Power”, the liquids are offloaded in a controlled manner and sold into various global markets.

This creates a significant differentiated income stream, fundamentally separate to gas derived revenues. The cargo has been sold as part of a multi cargo marketing agreement with Vitol; the first of a new source of East Med energy to reach Europe.